On February 15th, Bayfield Ventures was recognized as a TSX Venture 50® company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license. The TSX Venture 50® are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors -- mining, oil & gas, technology & life sciences, diversified industries and clean technology -- based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2010.
Fri Dec 11, 2009 Flow-Through Private Placement Announced
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") announces a non-brokered private placement of up to 1,500,000 flow-through units at a price of $0.10 per unit.
Each flow-through unit consists of one flow-through common share and one non-transferable share purchase warrant. Each share purchase warrant entitles the holder to purchase non flow-through common share of the Company at a purchase price of $0.125 per warrant share for a period of twelve months from the date of closing of the private placement and thereafter at a price of $0.15 for a further twelve months from the date of closing of the private placement.
The Company may pay up to a 7% non flow-through unit finder's fee in connection with part of this private placement offering.
The Company intends to utilize the proceeds from the private placement on a winter drill program on the Company's Burn's Block property located in the Richardson Township, Rainy River District, Ontario.